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Latest Articles - Luxury

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Historic Jewelry Put to Auction

Sunday, 12 June 2011

Historic Jewelry Auction house have always been places where exclusive and rare items can be purchased for the appropriate price in any sphere of life. It’s like the bazaar but the atmosphere, and items and prices differ to the high society class level. Jewelry of historic value has been auctioned for many years already. The jewel used to belong to monarchs and accessories still living with the trace of epoch and life of owners are offered for sale there. Sometimes the masterpieces of the world culture and highest value appear there put to auction.

Diamonds sold at Christie's

The world-known auction house Christie's still strike the world with the fabulous revenues madeon sale of antiques and art works throughout four hundred years already. However, the auctioned items sometimes have the value from the historic point of view, leaving aside material value.

So, in April 2010 the Emperor Maximilian diamond was auction, the diamond belonging to the famous Mexican Emperor Ferdinand Maximilian Josef. The life story of this Mexican ruler is amazing but sad. Maximilian was keen on biology since childhood and he showed negligence to all those royal liabilities. In 1860 he travelled to the long-waited Brazilian tropic jungles where he acquired two diamond further called as Maximilian I and Maximilian II Diamonds. The Maximilian II diamond was the stone of yellow to green shade weighing over 33 carats which was granted to his wife, Carlotta, the Princess. She used to wear the diamond as a pendant in the lavish necklace. The Maximilian I of the highest crystal purity weighing 42 carats was the Emperor’s jewel only. Some time later when Napoleon III seized the devastated Mexico, Maximilian was offered to accept the royal regalia to become the powerful and authorized ruler of the country. Nonetheless, Maximilian faced the fake power to be governed by the European monarchs as the puppet only even if the absolutely honest and respectable marionette in regards to his citizens. Left without any security and financial support, Maximilian, the Emperor of Mexico, fell conquered by the republican and was sentenced by the military tribunal to be shot together with two Generals subject to him. The Emperor was only in his thirties at that time. After the capital punishment breast sag was taken off the deceased with the diamond inside. The diamond was delivered to Carlotta, the Princes, the young widow inconsolable in her grief. Her mind reeled when she heard about the death of the Emperor and the expensive treatment was required to recover. They had to sell the precious stone and further the Maximilian I appeared at auction houses to be sold and change owners. Only in 1982 the stone was professionally facetted to turn into the jewel of the highest jewelry quality when the King of diamonds and the founder of the Graff Diamonds Lawrence Graff purchased the precious stone at the next auction. The platinum ring with the Emperor Maximilian diamond of 39,55 carats was sold for the last time for $1,762,5 mln to the anonymous buyer.

Last Emperor's Watches

The auction house Sotheby's in Geneva put to auction the wristlet watches Oyster Perpetual Rolex in 2002 made from the yellow gold incrusted with diamonds. A lot that seemed to be trivial for the luxury class items as the most Rolex models made from precious metal. However, this very lot belonged to the last Emperor of Vietnam Bao Dai. The governor excelled in the special love to luxury life and he adhered to the European life style rather than Asian. When the communist party came to govern in 1945 Bao Dai abdicated and left the country. He preferred to become the citizen of France with the freedom than the marionette ruling the country by the power of other authorities.

The Emperor purchased his watch Oyster Perpetual in 1945 at the Rolex Boutique in Geneva during the peace negotiations to end the colonial war of France in Vietnam. The model Oyster Perpetual with diamonds and the black dial plate was made in limited edition, in three copies only, with the water-proof feature. Therefore the watch was called the Oyster. Moreover, it had the system of automated winding, first in the world. The Oyster Perpetual Rolex was estimated for 235 thousand USD to the private collector at Sotheby's.

A necklace by Catherine

Things just happen that sometimes the jewelry with the really rich history is valued for hundred times higher than the item with the identical features and set of precious stones and metal. Auction houses chase their intention to make easier money on that feature. The accident that happened at the Sotheby's auction in 2005 drove to nonplus the society and the founders of such high class trading. An anonymous buyer had to pay about $2 mln for the necklace classified as the Emperor jewelry belonging to Catherine II. The jewelry was presented as the collar with 27 diamonds, with the bow pendant by the necklace contour. However, according to historical papers dated back to 1796, the actual necklace belonging to Catherine II was made from 25 diamonds, thirteen of which were withdrawn for other jewelry items. Some more diamonds were removed for other purposes till the 19th century. On the top of it, such details as bows were missing in the authentic jewel. It follows that the missing diamonds appeared in the necklace far later as well as the pendant, and the quality of the jewel is different from the real one. Therefore, the historic value of the Imperial jewelry has still been doubted till today.

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